Athabasca Oil (TSE:ATH) has released an update.
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Athabasca Oil Corporation has announced a private offering of C$200 million in senior unsecured notes due in 2029, with a 6.75% interest rate, slated for closure on August 9, 2024. The proceeds, combined with existing cash, will be used to redeem US$157 million of its higher-interest secured notes due in 2026, enhancing the company’s financial flexibility and reducing overall debt.
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